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3 TRENDS WE PLAN TO SEE IN 2019 (THAT WE SAW AT MRI IUC EMEA)

Trend plans for 2019

Right now is the most exciting time to work in commercial real estate technology. When we attended the MRI International Users Conference EMEA Summit in London, we were excited to interact with leaders in the industry and users of CRE tech; to show them our product and innovations, but more importantly, to hear about their user experience.

The demand we are seeing from our client’s right now is to increase the granularity of data available to support advanced analytics and management KPIs.

Some topics were brought up more frequently. The use of technologies to streamline the CRE processes was a common theme among everyone’s concerns and questions. Artificial intelligence, BOTS, advanced OCR and Rule Validation Scripts were reigned supreme in our discussions.

Now that 2019 is underway and we’ve seen a handful of predictive articles and blogs relating to CRE tech, we thought we would share our top three predictions, based on what we heard from actual users of the technology.

BLOCKCHAIN

In 2019, the global spending on blockchain solutions is projected to reach about 2.9 billion U.S. dollars.

Participants at MRI IUC EMEA were intrigued by Blockchain technology, but many are still uncertain when it comes to understanding the technology and its systems in their complexity. However, many executives are eager to learn and find the best way to use this technology.

ARTIFICIAL INTELLIGENCE

With the AI market expected to grow to a $190 billion industry by 2025, AI is a topic that’s slowly being integrated into serious talks among CRE executives.

Participants were very curious about AI technology, we talked to them about our use of AI in the form of Natural Language Processing (NLP) to streamline the abstraction process and increase the quality and consistency of abstract data.

BOTS, were especially a topic of interest.

In 2019 we will see significant adoption of AI and the use of BOTS to automate routine processes across all departments in a modern CRE enterprise.

UNCERTAINTY

Headlines are swirling about the state of the European Union as the deadline for Brexit rapidly approaches.

We experienced a great deal of uncertainty due to the impending break up with the EU. When this eventually gets resolved, a lot of CRE leaders in the EU will be searching for new vendors for the outsourcing of services.

We’re proud to serve industry-leading solutions that the CRE industry is talking about most. NTrust is perfectly positioned to provide a range of outsourced services to companies that will need to cut costs due to changes in their cost structure. We offer Blockchain creation and maintenance services using our REmaap™️ platform to host the Blockchain certificates. And we’ve already deployed all the listed technologies across our Lease Administration and Abstraction services, as well as being incorporated into our REmaap product.

Be part of the CRE tech conversation! Follow us on Twitter and LinkedIn, tell us about your technology predictions!